If you are a cryptocurrency enthusiast, you have probably heard about Bitcoin faucets. Bitcoin faucets are a popular theme within different crypto communities across the world. Over the years, they have received both praise and backlash.
There are people who love them and treat them as opportunities for profits, while there are others who believe they are scams. In this comprehensive article, we are going to uncover which group is right, and also look at some of the best crypto faucets in 2021.
First…What Is A Bitcoin Faucet?
A Bitcoin faucet is a website that provides you with small amounts of BTC in exchange for doing simple tasks such as watching ads or solving captchas. In simple terms, crypto faucets are reward systems which dispense rewards in form of tiny fraction of BTC for visitors to claim.
The name of the Bitcoins that these sites offer are known as satoshis. A satoshi is the smallest imaginable amount of BTC. One Bitcoin is equal to 100 million satoshis.
How Do Faucets Work?
In Bitcoin faucets, rewards are in place to attract visitors. Faucet owners normally deposit some amount of BTC into their cryptocurrency wallet (they use reliable and secure wallets such as Tezro). The wallet is connected to their faucet sites.
Usually, users need to register on a crypto faucet. To do this, they need to enter their personal details as well as their wallet address. After completing a task on a website, rewards earned are channeled to a micro wallet.
This wallet is similar to traditional wallets, only that it is capable of holding smaller amounts of BTC. For the best Bitcoin faucets, you don’t have to sign up for a micro wallet. It is automatically created upon registration.
When micro wallets are filled with rewards earned, they are then sent out to the user’s main wallet. Always make sure you use the most reliable and secure wallets such as Tezro to avoid losing or compromising the security of your hard-earned rewards.
Note: The reward amount paid on various tasks on different faucets depends on an array of factors including:
Frequency of action: The more often you can repeat actions, the lower the reward.
Difficulty of action: The more difficult and time consuming a task is, the higher the reward.
The Idea Of Bitcoin Faucets
The idea of Bitcoin faucets was born in 2010 by American Software Developer Gavin Andresen as way of promoting Bitcoin to the broader public. 11 years later, the primary purpose of creating cryptocurrency faucets has changed. Faucet owners use it to make money from ad placement. Nonetheless, they still carry some sense of promotional and informational functions.
Are Bitcoin Faucets Worth It?
To be honest, earning profits through Btcoin faucets is not as easy as it sounds. You could have the best Bitcoin faucet apps, but still struggle to make ends meet. However, this doesn’t mean that cryptocurrency faucets are not worth it. As long as you are patient and you use multiple faucets to complete tasks and earn, you might end up making a kill out of them.
If you want to become a faucet owner, you need to remember that you will not start making profits immediately. You must come up with something original and unique so that you can achieve success.
New Bitcoin faucets are sprouting every day (both as apps and websites), and the market has become overly competitive. Only the best ideas can stick out from the crowd. Some of the options that could help your faucet succeed include aggressively promoting your products or services, offering aid competitions and prize wheels, crowdfunding, hosting more advertisers, and more.
Best 15 Highest Paying Crypto & Bitcoin Faucets
Bitcoin Aliens is, without a doubt, one of the best crypto wallets that is both unique and effective. It provides crypto enthusiast with an opportunity to play games in exchange for BTC. The way it works is simple – you install an app on Android or iOS device, register for an account, and start playing.As you do this, the faucet generate certain amounts of Bitcoin in the background depending on the actions you perform and the types of games you play.
Bitcoin Aliens is regarded as one of the highest paying Bitcoin faucets. A single payment on this site is said to be 4000 satoshis, which is quite impressive for simple tasks. If you are looking for a fun-filled yet lucrative Bitcoin faucet, you may consider giving Bitcoin Aliens a chance.
Another great crypto faucet we cannot ignore is Moon Bitcoin. It is an established faucet with a dedicated user base, and is regarded by many quotas as one of the most reputable and effective faucet on the modern market.The main aim of this faucet is to attract new users by providing them with a broad array of different cryptos to attain and featuring daily login rewards. Additionally, this faucet issues its payments every few minutes; hence you can watch a movie or an ad, and claim your satoshis as soon as you finish.
This site provides users with consistency rewards. This means that if you start claiming satoshis at least once every day, you increase your chances of getting even more profits. Just like other established Bitcoin faucets, Moon Bitcoin also gives its users affiliate bonuses. If you bring a new user to the site, you could earn up to 10% with your claims.
Coinpayu.com was developed out of the need for quality. What makes this faucet unique is that it is updated with new content quite often, and this gives crypto enthusiasts with amazing ways to earn extra income.The way the faucet works is that users need to register, and once they log in, they can feed earn crypto by doing basic things such as viewing ads and doing offers.
If this site keeps running as it does and continue getting new content regularly. It has the potential to become one of the best crypto faucets out there.
From its name, Robinhood is known as the friendliest Bitcoin faucet out there. Truthfully, FamilyBTC is one of the less known BTC faucets, but its user base is constantly growing and is starting to gain recognition in the crypto space.What makes this faucet stand out is that it provides users with various plans they can choose to increase their profit speeds. Additionally, the site has an impressive referral bonus that is worth checking out.
Founded at the beginning of 2018, Cointiply has grown to become one of the most popular Bitcoin faucets on the market. It features multiple methods of claiming rewards, various opportunities for rewards, as well as a sleek and easy-to-use interface.On this site, you can claim an average of 200 satoshis every hour. Some of the methods of earning Bitcoins on this site include:
- Offer walls
- Playing browser games
- Watching Pay to Click Ads
There is also a coin multiplier unction within the site for those who want to try their luck on higher winnings. This faucet is relatively stable and has a 100% uptime according to FaucetHub.
Users can withdraw their winnings once they accumulate 35,000 satoshis. You can withdraw your rewards directly into your Bitcoin wallet once you hit 100,000 satoshis.
This Bitcoin faucet list cannot be complete without mentioning BonusBitcoin, which is one of the oldest faucets on the market. This faucet is unique in its making, and allow users to claim an average of 24 satoshis in 15 minutes. It also features a coin multiplier function and a surveys section, which provide an opportunity for higher earnings.
BonusBitcoin is connected to CoinPot – a micro earnings wallet which accumulates user’s payouts. Some users have claimed that CoinPot has some bugs that compromise its functionality at times, but works in the end.
When you accumulate 10,000 satoshis in your CoinPot, you can make a withdrawal at a fee. Once you accumulate 50K, you can make a withdrawal without any fees.
Coinbase is one of the largest cryptocurrency companies in the world, supporting over 100 countries and serving over 100 million clients across the globe. This company has an array of services, including brokerage services, crypto wallets, merchant solutions, and more.
Gemini is a cryptocurrency exchange that is widely known for its robust security. Despite being in the market or a while, Gemini stands out from exchanges of its caliber as a platform that has never been hacked.Thanks to its industry-leading standards and unrivaled reputation, Gemini is one of the best crypto faucets you should consider when looking for ways to earn some extra income.
BlockFi is known as a reliable crypto lending platform. Nonetheless, this platform has expanded its services, and is now a renowned Bitcoin faucet offering users with tons of peaks, including a referral bonus as well as a signup bonus of $250 in Bitcoin after sending $3,000 or more on it’s newly released credit card.
eToro has become a go-to investment option for crypto traders. This platform provides a wide array of opportunities for those who want to invest in the crypto space.Also, it offers crypto enthusiast with an opportunity to earn extra income by completing simple tasks such as viewing ads, or simply referring others to the platform.
Bitcoin IRA is a revolutionary digital asset IRA Tech Company that allows its clients to buy cryptos or their retirement accounts. This platform also features many peaks for its clients, including a referral bonus.Once you invite someone in the platform and they invest, you both get rewarded. This company also provided clients with a chance to get up to 6% interest rates on crypto holdings on cash in its self-directed retirement program.
Binance P2P is not only a P2P marketplace that allows crypto enthusiasts to trade in crypto at zero fees, but also brings business opportunities for them to earn some extra income.It allows businesses to share ads on their platforms, and when their users click and view those ads, they earn rewards in terms of crypto assets.
Kraken.com is a reputable crypto exchange. Apart from this, it is also a crypto faucet that offers its users with a chance to earn extra satoshis by completing simple tasks like taking surveys and watching ads. The rewards are deposited into a user’s wallet once the pre-determined target is achieved.
Coinmama is a trusted crypto exchange with over 2.6 million users across 188 countries. It gives its clients a chance to earn 15% commission on referral purchases including future purchases.
The more customers you refer to the platform, the more Bitcoin you earn. You can also earn BTC by completing a wide array of tasks that appear on a regular basis.
HitBTC is a secure, fast, and feature-packed crypto exchange that is trusted by millions of users across the world.It is also one of the most exciting Bitcoin faucet apps where you can earn satoshis by completing tasks and referring friends.
How Do I Earn With Bitcoin Faucet?
There are many ways to earn with Bitcoin Faucets. They include:
- Playing games
- Watching ads
- Taking surveys
- Referring others to a faucet
What Is The Highest Paying Bitcoin Faucet?
All Bitcoin faucets are not created equal. Some pay more than others – and those are the ones you should focus on. Some of the highest paying Bitcoin faucets include Bitcoin Aliens, Cointiply, and Coinbase.
What Are The Best Bitcoin Faucets With The Highest Payouts?
On this list, we have outlined some of the best Bitcoin faucets with the highest payouts. Therefore, you don’t have to choose!
To increase your chances of making more profits, signup for multiple faucets and complete as many tasks as you can. Faucets are undoubtedly a no-brainer method of claiming crypto assets.
How Much Money Can You Make With Bitcoin Faucets?
Honestly, you can make as much or as little as you want with Bitcoin Faucets. All that matters is how much time and energy you are willing to use as well as your patient levels.
How Do Bitcoin Faucets Make Money?
Faucet owners place ads on the website in the form of videos, banners, or trial games. They then promote the faucet by publishing links on forums related websites, and blogs.
When visitors come to the webpage and perform certain actions, they get rewards while the owners get paid by advertisers or get converting traffic to their webpages.
There are thousands of websites claiming to be “the best Bitcoin faucets in 2021.” When looking for the best sites, you might find yourself at a crossroad – confused and not knowing the ones you should trust and the ones you should avoid.
It takes time, effort, and critical thinking skills to pick out ones that will increase your chances of making profit.
In this article, you have learned what Bitcoin faucets are, how they work, and why they exist in the first place. You have also come across 15 of the best crypto faucets. While all faucets mentioned here are reputable and legit, this guide barely scratches the surface.
There are chances that the faucet that perfectly suits your needs is not mentioned here. Therefore, always use this article as a guide, but also do your homework and look for other faucets that might work great for you.
Remember, don’t limit yourself to one faucet. Maximize your potential earnings by utilizing as many as you can. And don’t forget to download Tezro app and keep your crypto assets safe.